Unsurprising. $78k/yr comes out to $2194/mo take home pay per Smartasset’s calculator. Average rent is well over $1k/mo with no signs of going down any time soon. Landlords frequently demand potential renters have an income of 3x the rent. Gotta live somewhere.
Apparently I’m stupid but I’m too tired to fix it rn so I will just leave my shame up here for all to see. My point is being alive is expensive and bad math or no I’m still not surprised to see this.
Edit again because I’m also too stupid to do a strikethrough correctly even with a formatting bar right there. FML and F this phone too, I’m going to bed
The calculator defaults to semi-monthly and I think the original commenter didn’t change it. Also, it defaults to your current location so the take-home will be different for everyone running the calculator (because taxes). $78k is $6500 a month BEFORE TAXES.
They may have taken the “semi-monthly take home pay” to be monthly instead, and the calculator counts after taxes.
So it’s twice what they think it is, and four times what average rent is. You can change it to monthly, and it’s more like $4,500 depending on where you live.
Unsurprising. $78k/yr comes out to $2194/mo take home pay per Smartasset’s calculator. Average rent is well over $1k/mo with no signs of going down any time soon. Landlords frequently demand potential renters have an income of 3x the rent. Gotta live somewhere.Apparently I’m stupid but I’m too tired to fix it rn so I will just leave my shame up here for all to see. My point is being alive is expensive and bad math or no I’m still not surprised to see this.
Edit again because I’m also too stupid to do a strikethrough correctly even with a formatting bar right there. FML and F this phone too, I’m going to bed
This math doesn’t add up 78k is 6.5/mo?
It doesn’t. They just didn’t read the actual link.
That’s $2194 semi monthly. So $4400 a month.
The calculator defaults to semi-monthly and I think the original commenter didn’t change it. Also, it defaults to your current location so the take-home will be different for everyone running the calculator (because taxes). $78k is $6500 a month BEFORE TAXES.
I was gonna say, I made 2k/month take home at 28k.
They may have taken the “semi-monthly take home pay” to be monthly instead, and the calculator counts after taxes.
So it’s twice what they think it is, and four times what average rent is. You can change it to monthly, and it’s more like $4,500 depending on where you live.
right, 2000*12 is 24,000. The missing 200 amounts to about 2400. So, 26,400 take home.
Means this person is losing 50k in taxes if their take home is 2190 a month and they make 78k
You do realize that says semi-monthly, right? Which is twice a month.
So $4400 a month which is right on par with $6500 a month before taxes ($78k).
Just pointing out, that’s semi monthly according to that page. So $4400/month.
Uhhhh… that math isn’t mathing right.